The mutually-owned Skipton Group, which includes Skipton Building Society and estate agency Connells, published half-year results showing group mortgage balances grew 6.9% year-on-year to £32.2 billion and society savings balances increased 6.9% to £29.5 billion.

Group profit before tax fell to £135.1 million from £157 million at June 2024.

Skipton Group also includes Skipton International offshore lending, Skipton Business Finance invoice financing, and Jade Software Corporation, a New Zealand-based AI software company.

Society membership grew 2.7% year-on-year to over 1.29 million.

Skipton Group CEO Stuart Haire said: “I am delighted to share details of our strong business performance in the first half of 2025.

“We are growing faster than the market, supporting our members and customers with quality products and services, maintaining strong capital  growth and delivering against our purpose through innovation and challenging the status quo.”